late fee

late fee
late fee UK US noun [C]
an extra amount of money that must be paid if a payment is made after a certain date or time limit: »

Vendors must pay a late fee if they don't pick up their permits on time.


In some states, the law says that even if you are late only once, the lender can charge a late fee on all your payments.

Financial and business terms. 2012.

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  • Late fee — A late fee, also known as a late fine or a past due fee , is a charge levied against a client by a company or organization for not paying a bill or returning a rented or borrowed item by its due date. Its use is most commonly associated with… …   Wikipedia

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  • fee — late 13c., from O.Fr. fieu, fief fief, possession, holding, domain; feudal duties, payment, from M.L. feodum land or other property whose use is granted in return for service, widely said to be from Frank. *fehu od payment estate, or a similar… …   Etymology dictionary

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  • fee tail — noun a fee limited to a particular line of heirs; they are not free to sell it or give it away • Hypernyms: ↑fee * * * noun (plural fees tail) Etymology: Middle English fee taille, from Anglo French fé taillé, from Old French fé fee, fief +… …   Useful english dictionary

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